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Cryptocurrency data provider Kaiko acquires Vinter, eyes European crypto ETP growth - REUTERS
Nov 12 (Reuters) - Cryptocurrency data provider Kaiko said on Tuesday it is acquiring European crypto index provider Vinter in a bet on growth in the European digital asset market. The deal comes as some analysts expect significant growth in the European crypto ETP market, which remains significantly smaller than the U.S. "It's a clear bet on the European ETP market...," said Ambre Soubiran, CEO of Kaiko. Vinter, which supplies digital asset indices and reference rates for several Europe-listed ETPs, including those from 21Shares and Sygnum Bank, marks Kaiko's third acquisition to date. Advertisement · Scroll to continue Digital asset investment products listed in Germany, Sweden and Switzerland collectively manage approximately $13.64 billion in assets, according to data from CoinShares. In contrast, U.S. products have an AUM of about $88.78 billion. Kaiko plans to expand its product offerings to provide independent data for asset managers, derivatives traders, and exchanges following the acquisition. The cash and equity deal values Kaiko at $200 million post-acquisition, though the company did not disclose the Vinter deal value.
